Auditing within a company
Auditors have come into a department as part of a company-wide audit prior to issuing an audit opinion for the company’s financial reports. In a one- to two-page paper (not including the title and reference pages), explain what the staff should expect the auditors to do. Be sure to include the requirements of the Sarbanes Oxley Act in your explanation.
Your paper must be formatted according to APA style as outlined in the Ashford Writing Center, and it must include citations and references for the text and at least two scholarly sources from the Ashford University Library.
Answer preview
Financial auditing can be defined as a business process where financial records of an organization are examined. This is done to determine their level of accuracy according to different applicable rules or accounting standards, laws, and regulations. Auditing can be done internally or externally. Internal auditing is done by various chosen and qualified staff from within the organization. External auditing is done by auditors that are from outside the organization who conducts the organization’s financial records and give an independent report and opinion based on the provided financial records. All public companies are required by the law to have their financial records audited externally…
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